Redwood Trust, Inc. (NYSE:RWT) Declares Quarterly Dividend of $0.18

Redwood Trust, Inc. (NYSE:RWT) declared a quarterly dividend on Thursday, March 12th. Investors of record on Tuesday, March 24th will be paid a dividend of 0.18 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date is Tuesday, March 24th.

Redwood Trust has decreased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 1 years. Redwood Trust has a payout ratio of 86.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Redwood Trust to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 80.0%.

Redwood Trust Trading Down 0.5%

RWT stock traded down $0.03 on Friday, reaching $5.88. The company’s stock had a trading volume of 47,705 shares, compared to its average volume of 1,604,530. The firm has a market cap of $735.19 million, a PE ratio of -9.73 and a beta of 1.55. The business has a fifty day simple moving average of $5.87 and a two-hundred day simple moving average of $5.73. Redwood Trust has a 12-month low of $4.68 and a 12-month high of $6.97. The company has a debt-to-equity ratio of 24.34, a quick ratio of 55.15 and a current ratio of 55.15.

Redwood Trust (NYSE:RWT) last issued its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Redwood Trust had a negative net margin of 5.93% and a positive return on equity of 12.00%. The company had revenue of $140.33 million for the quarter, compared to analysts’ expectations of $24.88 million. As a group, research analysts forecast that Redwood Trust will post 0.78 EPS for the current year.

Redwood Trust Company Profile

Redwood Trust, Inc (NYSE:RWT) is a publicly traded real estate investment trust specializing in the U.S. residential mortgage market. Headquartered in Mill Valley, California, the company focuses on investing in a diversified portfolio of residential mortgage assets, including whole loans, agency and non-agency mortgage-backed securities, and structured credit products.

The company’s core activities encompass the acquisition, financing, and management of prime residential mortgage whole loans and mortgage-backed securities.